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Stock Market Today: The Indian stock market opened with a red mark on the first day of the last business week of July. The reason behind this was a huge selling in IT stocks like TCS, Infosys and HCL Technologies. Both BSE and Sensex saw a decline in early trade. The BSE Sensex fell 306 points or 0.38 percent to 81,155, while NSE Nifty was seen trading at 24,744 to 24,744, while Nifty was trading at 24,744.
NSE saw a drastic decline of 0.58 percent in the NSE Nifty Midcap Index and 0.58 % in the Nifty Smallcap index. The Nifty IT index saw the biggest decline, which slipped to 1.4 percent. At the same time, the Nifty Private Bank and Nifty Realty Index also saw a decline of more than 1 percent.
Mixed trend of Asian markets
On Monday, a mixed attitude was seen in the Asian markets. During this time, investors are eagerly waiting for the results of the US-China trade talks starting this evening in Stockholm. The dialogue will be led by US Finance Minister Scott Besant and Chinese Deputy Prime Minister Hey Lifeng, in which the tariff may be deferred for three more months.
In an interview to Fox Business, Besant has hoped to carry forward the current trade ceasefire. He also indicated that the talks would pay attention to comprehensive geopolitical issues, including the purchase of China from Russia and Iran. This talks are being held soon after the trade deal with the European Union (EU) is finalized.
Trump had earlier threatened to impose 30 percent tariffs on the EU, while after the agreement, 15 percent tariffs will be imposed on the goods imported from the EU. This is the enthusiasm of the investors. In early trade, Japan’s Nikkei index had fallen by 0.43 percent, the topics have declined by 0.19 percent. South Korea’s Kospi was 0.31 percent below. In contrast, Australia’s ASX 200 bounced to 0.4 percent.
Stir in the US market
Due to reduced tension on tariffs, American equity futures rose in early trade in Asian markets. The result was that S&P 500 futures rose by 0.39 percent. Nasdaq 100 futures also rose 0.53 percent. Similarly, Dow Jones futures were also a rapid forward of 156 points or 0.35 percent. On Friday, the three major American index closed with an edge and a weekly lead. S&P 500 0.40 % increased to 6,388.64, Nasdaq Composite increased by 0.24 percent to 21,108.32 and Dow Jones Industrial Average 208.01 points or 0.47 percent increased to 44,901.92.
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